48 Spirit Springs RdSmithfieldNC27577
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Smithfield at 48 Spirit Springs Rd, Smithfield, NC, 27577 offers $2,070/mo rent that, after a $1,744/mo payment. Total monthly income is $2,070/mo. Return on cash invested measures 18.88% in year one, and rental yield stands at 6.97% at a $356,320 entry. Equity gained on principal adds $2,299/yr while 5% annual appreciation compounds into $98,445 by year five. Five-year ROI records 97.19% and total cumulative return in cash reaches $114,798. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,070/mo property income versus a $1,744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27577, Smithfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,080 (100%) |
| Owner Occupied HU | 7,081 (63.9%) |
| Renter Occupied HU | 3,305 (29.8%) |
| Vacant Housing Units | 694 ( 6.3%) |
| Median Home Value | $297,658 |
| Average Home Value | $316,510 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
10,287
Multi-Family
151
Businesses
1,187
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Listed by: Adam Gorlesky • SDH Raleigh LLC
Mls Name: Doorify MLS
Mls ID: #10095775